Wisconsin Electric declares quarterly dividends

Rhea-AI Summary

The Wisconsin Electric board has declared two quarterly cash dividends: 90 cents per share on the 3.60% Series Preferred Stock, payable on Sept. 1, 2022, to stockholders of record on Aug. 12, 2022; and $1.50 per share on the Six Per Cent Preferred Stock, payable on Oct. 31, 2022, to stockholders of record on Oct. 14, 2022. Wisconsin Electric, a subsidiary of WEC Energy Group, serves over 1.1 million electric and 490,000 natural gas customers in Wisconsin.

Positive

• Quarterly dividend of 90 cents per share on 3.60% Series Preferred Stock enhances shareholder income.
• Quarterly dividend of $1.50 per share on Six Per Cent Preferred Stock reflects company confidence.

Negative

• None.

MILWAUKEE, July 21, 2022 /PRNewswire/ -- The Wisconsin Electric board of directors today declared a quarterly cash dividend of 90 cents per share on the company's Preferred Stock, 3.60% Series, payable Sept. 1, 2022, to stockholders of record on Aug. 12, 2022. The board also declared a quarterly cash dividend of $1.50 per share on the company's Six Per Cent Preferred Stock, payable Oct. 31, 2022, to stockholders of record on Oct. 14, 2022.

Wisconsin Electric Power Co., doing business as We Energies, is a subsidiary of WEC Energy Group (NYSE: WEC). The company serves more than 1.1 million electric customers and more than 490,000 natural gas customers in Wisconsin. Visit the We Energies website at we-energies.com.

View original content:https://www.prnewswire.com/news-releases/wisconsin-electric-declares-quarterly-dividends-301591287.html

SOURCE Wisconsin Electric Power Co.

FAQ

What is the dividend amount for WEC Energy Group?

WEC Energy Group has declared a dividend of 90 cents per share on its 3.60% Series Preferred Stock and $1.50 per share on its Six Per Cent Preferred Stock.

When is the next dividend payment for WEC?

The next dividend payment for the 3.60% Series Preferred Stock is on Sept. 1, 2022, and for the Six Per Cent Preferred Stock is on Oct. 31, 2022.

Who is eligible for the dividends declared by WEC?

Stockholders on record as of Aug. 12, 2022, will receive the dividend for the 3.60% Series Preferred Stock, and those on record as of Oct. 14, 2022, will receive the dividend for the Six Per Cent Preferred Stock.

How many customers does WEC Energy Group serve?

WEC Energy Group serves over 1.1 million electric customers and more than 490,000 natural gas customers in Wisconsin.